Freight Terms Determine the amount to be paid in full settlement of each of two...
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Freight Terms Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. If required, round the answers to the nearest dollar. a. b. a. b. $ Merchandise $7,650 2,700 6,321 X 2,079 X Freight Paid by Seller $300 100 Freight Terms FOB shipping point, 2/10, n/30 FOB destination, 1/10, n/30 Credit for Refunds and Allowances $1,500 700
Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. If required, round the answers to the nearest dollar
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